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Netflix Clients Up 82 Percent

Online DVD renter Netflix Thursday reported an 82-percent rise in second-quarter subscribers even as it raised prices by 10% during the period which had sparked concern over possible cancellations.

The Los Gatos, California company, said subscribers totaled 2.093 million at June 30, up from 1.147 million last year and at the high end of its forecasts ranging from 1.935 million to 2.14 million.

Quarterly subscriber growth roughly matches the 84% Netflix posted in the first quarter, despite a hike in the monthly subscription fee to $21.95 from $19.95 during the period.

Source: Reuters

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